Video-Sharing Startup Vine Acquired By Twitter
Twitter appears to be gearing up for its video-hosting service with the acquisition of a New York-based video-sharing site called Vine, according to a report by AllThingsD.
Twitter appears to be gearing up for its video-hosting service with the acquisition of a New York-based video-sharing site called Vine, according to a report by AllThingsD.
The terms of the sale were not disclosed.
According to the site’s homepage, “Vine is the best way to capture and share video on your iPhone. No editing. No rendering. No post-production. Video has never been this fun.”
The company’s founders include Jetsetter alumni Dominik Hofmann and Colin Kroll. The Next Web speculates that Twitter is more interested in the talent than the product, as the site is still in private beta.
Hofmann
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